
Cheap Apartments for Rent in the Penn Draw Neighborhood of Alexandria, VA from $900 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penn Draw area of Alexandria.


Longview Terrace Apartments

Meadow Woods

Total Monthly Price
Mount Vernon Square Apartment Homes

Cityside Huntington Metro

Lafayette Apartments

2059 Huntington Ave

Normandy Hill Apartments

Haven Huntley Meadows

The Residences at North Hill
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2237 Farrington Ave

Beacon Hill

The Point at Eisenhower Square

2332 Glendale Terrace, Unit A1

The Belhaven Apartments

Total Monthly Price
The Foundry

6621 Wakefield Dr

South Alex

Total Monthly Price
Dylan & Reese

Lincoln Old Town
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Rose Hill Apartments

Total Monthly Price
The Courts at Huntington Station

2317 Huntington Ave

2237 Farrington Ave

800 Carlyle

6628 E Wakefield Dr

Aspire Huntington Station

MAA Carlyle Square

4870 Eisenhower Ave

520 John Carlyle St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

4854 Eisenhower Ave, Unit 249

7505 Calderon Ct

2451 Midtown Ave

309 Holland Ln, Unit 103

Total Monthly Price
Carlyle Mill

4306 Elmwood Dr

2301 Farrington Ave

Mount Vernon Gardens

Carydale East Apartments

The Ellsworth
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Jefferson Gardens

113 E Taylor Run Pkwy

Huntington Gardens Apartments

Olde Towne West

Kings Gardens

Cherry Arms

115 S Patrick St

Meridian 2250 at Eisenhower Station

2621 Wagon Dr

2622 Fort Farnsworth Rd, Unit 216
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Penn Draw, Alexandria, VA Local Guide

How much does it cost to rent an apartment in Penn Draw?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penn Draw Studio Apartments | $1,803 | $1,299 | $2,699 |
| Penn Draw 1 Bedroom Apartments | $2,138 | $1,242 | $3,650 |
| Penn Draw 2 Bedroom Apartments | $2,768 | $1,503 | $6,058 |
| Penn Draw 3 Bedroom Apartments | $2,941 | $2,190 | $5,415 |
Browse Apartments in this Neighborhood
There are currently 58 rentals with your search options within a 2 mile radius of the Penn Draw Neighborhood of Alexandria, VA.
See all Apartments in AlexandriaExplore Alexandria
Penn Draw, Alexandria, VA Local Guide
- Nearby Alexandria neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Penn Draw Apartments for Rent
 The cheapest available apartment rental in the Penn Draw area of Washington, VA is a 1 Bed unit found at Longview Terrace Apartments priced from $1,242. Riverside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,299. Here are the most affordable Penn Draw apartments for rent in Washington, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Longview Terrace Apartments | 1 Bedroom | 1BR,1BA | $1,242 |
| Riverside Apartments | Tower 2 | Studio | S1A | Studio,1BA | $1,299 |
| Meadow Woods | Patrick Henry | 1BR,1BA | $1,419 |
| Mount Vernon Square Apartment Homes | One Bedroom - 735 sqft | 1BR,1BA | $1,420 |
| Cityside Huntington Metro | Studio 430 sq. ft. | Studio,1BA | $1,450 |
| Lafayette Apartments | 1 Bedroom+Den | 1BR,1BA | $1,499 |
| Haven Huntley Meadows | 1 Bedroom | 1BR,1BA | $1,610 |
| The Residences at North Hill | 1 Bedroom | 1BR,1BA | $1,656 |
| Beacon Hill | Piper | Studio,1BA | $1,670 |
| Kings Gardens | 1Bedroom Den 1Bathroom | 1BR,1BA | $1,702 |
Best Value Apartments for Rent in Penn Draw, VA
As of May 31, 2026 the best value apartment in the Penn Draw area is the $2.12 price per square foot Two Bedroom Model at The Shelby in the in the Valley View neighborhood starting from $2,679. The second greatest value Penn Draw apartment is the 2 Bedroom Model at Lafayette Apartments starting at $1,849 with a $2.07 price per square foot in the Gum Springs neighborhood. Here is today’s list of the best values for Penn Draw apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Shelby | Two Bedroom | 2BR,2BA | $2.12 |
| Lafayette Apartments | 2 Bedroom | 2BR,1BA | $2.07 |
| The Courts at Huntington Station | One Bedroom with Loft A1IL | 1BR,1BA | $2.72 |
| Kings Gardens | 1Bedroom Den 1Bathroom | 1BR,1BA | $2.05 |
| Meadow Woods | Woodlawn | 1BR,1BA | $2.12 |
| Cherry Arms | 1Bedroom 1Bathroom | 1BR,1BA | $2.60 |
| The Residences at North Hill | 1 Bedroom | 1BR,1BA | $2.48 |
| Mount Vernon Square Apartment Homes | One Bedroom - 665 sqft | 1BR,1BA | $2.26 |
| Haven Huntley Meadows | 1 Bedroom | 1BR,1BA | $2.46 |
| Longview Terrace Apartments | 1 Bedroom | 1BR,1BA | $1.98 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Penn Draw, Alexandria, VA
School data provided by Great Schools
Frequently Asked Questions about Cheap Penn Draw Apartments
What is a cheap apartment in Penn Draw?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn Draw is under $1,702.
What is the price of a cheap apartment in Penn Draw?
The cheapest apartment in Penn Draw is Longview Terrace Apartments which is listed at $1,242, while the average apartment in Penn Draw costs $2,655.
What types of apartments are the cheapest in Penn Draw?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 36 regular apartments in Penn Draw that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Penn Draw?
Cheap apartments in Penn Draw have an average cost of $114 which is $2,541 cheaper than the average rent for all rentals in Penn Draw.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Washington DC Local Expert's Guide to Top Affordable Neighborhoods for Renters in the DC Metro
Written by: Steve Lilly
I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, DC.

Rent Smart in Washington DC: Best Neighborhoods to Rent for University Students
Written by: Steve Lilly
I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, DC.

The DC Housing Strategy: Balancing Career & Lifestyle Near Top Washington DC Area Employers
Written by: Steve Lilly
I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, D.C.

Discover DC: The Insider's Guide to Renting in Our Nations Capital
Written by: Steve Lilly
Greetings from Washington, DC! I'm Stephen, your ApartmentHomeLiving.com Local Expert for Washington, and I'd love to give you the inside scoop on a city that many people only think of in terms of visiting, not living in.
Articles, How-To's, and Tips

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.